The Resorts Companies Names New Leadership: Krohn to Vice Chairman, Smith to President
The Resorts Companies, an employee-owned hospitality, timeshare, and real estate development firm, announced a leadership transition. Steve Krohn will move to Vice Chairman, with Matthias Smith assuming the role of President.
Charlottesville, Va. – The Resorts Companies, Inc., a 100% employee-owned company in the hospitality, timeshare, and real estate development sectors, has announced a significant leadership transition. The company stated that Steve Krohn will be stepping into the newly appointed role of Vice Chairman, while Matthias Smith will assume the position of President.
This leadership evolution is intended to position the employee-owned company for its next phase of growth and operational execution. Krohn's move to Vice Chairman allows his experience to be leveraged in a broader strategic capacity. Smith's appointment as President is expected to bring new momentum to the company's day-to-day management and operational direction.
The Resorts Companies operates within the hospitality, timeshare, and real estate development industries. Employee ownership is a foundational aspect of the company's business model, and this leadership change aims to support that structure moving forward.
The company indicated that these appointments are effective immediately, designed to ensure a seamless transition and continued success as it enters its next chapter.